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PD 1994 Section 16

Section 16

SEC. 16. Section 76 of the National Internal Revenue Code is hereby renumbered and amended to read as follows: “SEC. 70. Collection of foreign payments. – All persons, corporations, duly registered general copartnerships [companies collectives] undertaking for profit or otherwise the collection of foreign payments or bills of exchange shall obtain a license from the Commissioner, and shall be subject to such regulations enabling the government to obtain the information required under this Title, as the Minister of Finance shall prescribe.”

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Other provisions in PD 1994

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationPD 1994 Section 16 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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